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Inflation has loomed over the U.S. economy like a movie villain, haunting grocery store trips and gas runs. While costs remain much higher than they were a few years ago, those rapid price ...
It's not just that the money in your wallet is worth less. The money you don't have—the amount you might need to borrow to make a big purchase like a home or car—is now further out of reach.
The result is a system in which prices are opaque, meaning that real price signals—information about supply, demand, scalability, flexibility, and so forth—are almost entirely absent.
The debate over inflation continues as politicians point fingers, but economists say there are many reasons why prices are sky high. Natasha S. Alford breaks it down on this episode of “That’s ...
Inflation fell from 10.3% in 1981 to 3.2% in 1983. [ 28 ] [ 61 ] Corporate income rose by 29% in the July–September quarter of 1983, compared with the same period in 1982. Some of the most dramatic improvements came in industries that were the hardest hit by the recession, such as paper and forest products, rubber, airlines, and the auto ...
In the United States, the index affects the income of almost 80 million people as a result of statutory action: 47.8 million Social Security beneficiaries, about 4.1 million military and Federal civil service retirees and survivors, and about 22.4 million food stamp recipients. Changes in the CPI also affect the cost of lunches for the 26.7 ...
Brief history of U.S. inflation. High inflation was last a major problem during the 1970s and 1980s — reaching 12.2 percent in 1974 and 14.6 percent in 1980 — when the central bank didn’t ...
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